Abu Dhabi - Mubasher: ADQ has intended to proceed with the listing of Abu Dhabi Ports, which holds various assets including ports, industrial cities, free zones, maritime, logistics, and digital, on the Abu Dhabi Securities Exchange (ADX).
As part of the company's listing on the ADX, a part of existing shares is expected to be sold to investors in the UAE, according to a press release on Tuesday.
ADQ will remain a majority shareholder of Abu Dhabi Ports following the listing, which will enable the company to become a global maritime and logistics leader.
The proposed listing is forecast to occur before the end of 2021, subject to market conditions and regulatory approvals.
The CEO of ADQ, Mohamed Hassan Alsuwaidi, said: "With 14 listings already in 2021, ADX is an ideal choice to give investors access to a high quality, high growth potential maritime and logistics leader due to its growing liquidity and resiliency.”
Meanwhile, the Group CEO of Abu Dhabi Ports, Mohamed Juma Al Shamisi, commented: "Over the past year, we have delivered on our long-term strategy focused on driving global trade through an integrated portfolio of world-class ports, industrial zones and logistics supply chains.”
